ICF International (NASDAQ:ICFI) Releases FY 2024 Earnings Guidance

ICF International (NASDAQ:ICFI) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 6.950-7.250 for the period, compared to the consensus estimate of 6.770. The company issued revenue guidance of -.

ICF International Stock Performance

ICFI traded up $14.39 during midday trading on Friday, reaching $160.41. The company had a trading volume of 227,844 shares, compared to its average volume of 148,129. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $141.14 and a two-hundred day moving average of $144.77. The company has a market cap of $3.01 billion, a P/E ratio of 32.60 and a beta of 0.60. ICF International has a 1 year low of $115.67 and a 1 year high of $161.01.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.17. The business had revenue of $512.03 million during the quarter, compared to analysts’ expectations of $505.70 million. ICF International had a return on equity of 14.50% and a net margin of 4.98%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.57 earnings per share. As a group, equities research analysts predict that ICF International will post 6.79 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 6th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Friday, September 6th. ICF International’s dividend payout ratio is currently 11.38%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ICFI shares. William Blair upgraded ICF International from a market perform rating to an outperform rating in a research report on Monday, June 24th. Truist Financial lowered ICF International from a buy rating to a hold rating and dropped their price target for the company from $168.00 to $155.00 in a research note on Monday, July 1st. Finally, Barrington Research reissued an outperform rating and set a $173.00 price target on shares of ICF International in a research note on Friday, May 31st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, ICF International currently has a consensus rating of Moderate Buy and a consensus price target of $159.50.

Insider Activity

In other news, CEO John Wasson sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $135.09, for a total value of $405,270.00. Following the completion of the sale, the chief executive officer now directly owns 19,045 shares of the company’s stock, valued at approximately $2,572,789.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Anne F. Choate sold 1,481 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $133.89, for a total transaction of $198,291.09. Following the completion of the sale, the executive vice president now directly owns 4,785 shares of the company’s stock, valued at approximately $640,663.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Wasson sold 3,000 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $135.09, for a total value of $405,270.00. Following the transaction, the chief executive officer now owns 19,045 shares in the company, valued at $2,572,789.05. The disclosure for this sale can be found here. Corporate insiders own 1.39% of the company’s stock.

ICF International Company Profile

ICF International, Inc provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, business, market, business, communication, and technology challenges.